Military Expenditure in China increased to 244934 USD Million in 2020 from 240333 USD Million in 2019. source: SIPRI
Military Expenditure in China averaged 97910.50 USD Million from 1989 until 2020, reaching an all time high of 244934 USD Million in 2020 and a record low of 19577 USD Million in 1989. China Military Expenditure - values, historical data and charts - was last updated on July of 2022.
Military Expenditure in China is expected to reach 300000.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Military Expenditure is projected to trend around 300000.00 USD Million in 2022, according to our econometric models.